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Article: Luxury Consumers Start Off 2006 Spending More -- Lots More -- on Luxuries; Luxury Consumption Index Rises to 113.2 as Luxury Consumers Turn Increasingly Positive About Their Financial Well-Being, Reports Unity Marketing.
- Article from:
- Business Wire
- Article date:
- May 15, 2006
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STEVENS, Pa. -- Luxury consumers' confidence continued on a positive trend, rising 8.4 points in the first quarter 2006, to reach 113.2 points, its highest point since Unity Marketing's luxury tracking study began at the end of 2003. This follows a stunning 10.4 points increase in the index tracked at the close of 2005, according to Unity Marketing's exclusive Luxury Consumption Index. The index measures luxury consumer feelings about their personal financial status and the prospects for the country as a whole.
Luxury consumers' boosted confidence translated into a big boost in their spending on luxuries. The typical luxury consumer spent $13,820 on average ...